Acorn Energy, Inc. (OTCMKTS:ACFN) Short Interest Update

Acorn Energy, Inc. (OTCMKTS:ACFN) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 83.3% from the October 15th total of 600 shares. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is currently 0.0 days.

Acorn Energy Stock Performance

Acorn Energy stock opened at $16.85 on Wednesday. The company’s fifty day moving average price is $11.33 and its 200 day moving average price is $10.26. Acorn Energy has a 1 year low of $5.76 and a 1 year high of $17.88. The stock has a market capitalization of $41.92 million, a P/E ratio of 37.07 and a beta of 0.61.

About Acorn Energy

Acorn Energy, Inc, together with its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates in two segments, Power Generation (PG) Monitoring and Cathodic Protection (CP) Monitoring. The PG segment provides wireless remote monitoring and control systems, and services for critical assets, which include stand-by power generators, pumps, pumpjacks, light towers, turbines, compressors, fire pumps, and other industrial equipment; and Internet of Things applications.